Trade Hub Group Inc - HUBG CFD

Hub Group Company profile

About Hub Group Inc

Hub Group, Inc. is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage, dedicated trucking, managed transportation, freight consolidation, warehousing, last mile delivery, international transportation and other logistics services. It also provides drayage services with its own drayage operations. The Company’s services customers base in a range of industries, including retail, consumer products and durable goods. It operates approximately 36 offices throughout the United States, Canada and Mexico. The Company’s subsidiaries include Hub City Terminals, Inc., Hub Group Atlanta, LLC, Hub Group Associates, Inc., Hub Chicago Holdings, Inc. and Hub Group Transport, LLC.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Hub Group Inc revenues increased 21% to $4.23B. Net income increased from $73.6M to $171.5M. Revenues reflect Intermodel segment increase of 14% to $2.39B, Truck brokerage segment increase of 60% to $688.9M. Net income benefited from Interest Expense - Balancing value decrease of 24% to $7.3M (expense), Other, Net decrease of 36% to $245K (expense).

Equity composition

Cl. A Common $.01 Par, 03/11, 97,337,700 auth., 41,224,792 issd., less 4,410,910 shs. in Treas. @ $117.2M. Insiders ownapprox. 3.07%. Cl. B Common $.01 Par, 662,300 auth., 662,296 issd. Insiders own 100%. IPO: 3/96, 4.6M shs. @ $14 by Alex. Brown & Sons. PO 9/97, 1.5M Cl. A shs. @ $33.75 byBT Alex. Brown. 06/06, 2-for-1 stock split.